7:55 PM • | Kyle Wiggers / TechCrunch: Level AI, maker of AI-powered tools to automate customer service tasks, raised a $39.4M Series C led by Adams Street Partners, taking its total raised to $73.1M |
7:45 PM • | Reuters: Sources: Samsung's HBM3 chips have been cleared by Nvidia for use in its H20 GPU, developed for the Chinese market; HBM3E chips are still being tested |
6:45 PM • | Brian Heater / TechCrunch: Mytra, a startup building autonomous robots for warehouses that can move loads up to 3,000 pounds, launches from stealth with $78M in total funding |
6:35 PM • | Jennifer Elias / CNBC: Alphabet reports Other Bets Q2 revenue of $365M, up from $285M in Q2 2023, a $1.13B loss, up from $813M, and announces a “multiyear” investment of $5B in Waymo |
6:20 PM • | Bloomberg: US spot ether ETFs hit over $1B in trading volume across nine funds, a strong debut, but far from the $4.6B traded during the spot bitcoin ETFs debut in January |
6:05 PM • | The Information: Internal messages: Meta staff complained about Threads' algorithm limiting political posts, after the For You page was slow to show news of Biden dropping out |
5:50 PM • | Bloomberg: Sources: the Google-Wiz deal failed, in part, due to antitrust fears and CrowdStrike's outage, which increased the potential value of cloud security companies |
5:20 PM • | Benjamin S. Weiss / Courthouse News Service: US Senate Majority Leader Chuck Schumer says the Senate will take up the Kids Online Safety Act this week, signaling there's enough support among his colleagues |
4:40 PM • | Jennifer Elias / CNBC: Google Cloud Q2 revenue grew 29% YoY to $10.35B, vs. $10.2B est.; Cloud exceeded $10B in quarterly revenues and $1B in operating profit for the first time |
4:30 PM • | Alex Weprin / The Hollywood Reporter: YouTube Q2 ad revenue grew 13% YoY to $8.66B, vs. $8.93B est.; Google's subscriptions, platforms, and devices unit that includes YouTube TV had revenue of $9.3B |
4:16 PM • | Stephanie Palazzolo / The Information: Source: OpenAI has reassigned Aleksander Mądry, the head of its Preparedness AI safety team, to a role within its research organization focusing on reasoning |
4:07 PM • | Alphabet: Alphabet Q2: revenue of $84.7B, up 14% YoY, net income of $23.6B, up 29% YoY, Search revenue of $48.5B, up from $42.6B YoY, and headcount down 1% to 179,582 |
4:05 PM • | Chris Welch / The Verge: Daniel Ek says Spotify is working on a deluxe Spotify tier, around a $17-$18 price point, that has “a lot more control, a lot higher quality across the board” |
3:50 PM • | The Hollywood Reporter: Comcast reports Peacock Q2 revenue up 28% YoY to $1B, and a $348M loss, down from $651M in Q2 2023; paying subs were up 38% YoY to 33M but down from 33.5M in Q1 |
2:30 PM • | Kyle Wiggers / TechCrunch: Harvey, which is building an AI-powered “copilot” for lawyers, raised a $100M Series C led by GV that values it at $1.5B and brings its total funding to $206M |
2:00 PM • | Danny Nelson / CoinDesk: dYdX says v3, an older version of its DeFi crypto exchange that is reportedly for sale and averages ~$1.5B/week in derivatives trading, “has been compromised” |
1:25 PM • | Brian Merchant / Wired: A staffer at Activision Blizzard, which had layoffs in 2024 affecting many 2D artists, says some remaining artists were “forced to use AI to aid in their work” |
1:15 PM • | Mark Zuckerberg / Meta: Mark Zuckerberg argues that “open source AI” is the path forward, closed models are vulnerable to vendor lock-in and state-backed espionage, and more |
12:50 PM • | Mariella Moon / Engadget: Meta plans to roll out its AI assistant to the Quest in August, limited to US and Canada users in experimental mode, after debuting on the Ray-Ban smart glasses |
12:25 PM • | Suzanne Smalley / The Record: The US FTC seeks info from Mastercard, Accenture, and six other companies related to their “surveillance pricing products” that use personal data, AI, and more |
12:15 PM • | Financial Times: Meta VP Rob Sherman confirms a report that Meta received an EU request to pause future AI model training on data in the EU, and says the EU may get left behind |
12:05 PM • | Chris Morris / Fortune: Netflix last week reported it is developing 80 games, most “interactive narrative games” based on its IP, and will debut one a month; Netflix offers 100+ games |
11:52 AM • | The Information: Sources: Apple is working on a foldable, clamshell-design iPhone that could debut as soon as 2026, and reached out to Asian component suppliers in recent months |
11:12 AM • | Bloomberg: Meta debuts Llama 3.1 405B, the “first frontier-level open source AI model”, as well as new Llama 3.1 70B and 8B models, and says it's working on Llama 4 |
9:45 AM • | Ivan Mehta / TechCrunch: Posh, an iOS app that offers a TikTok-like vertical feed of events, raised a $22M Series A, taking its total funding to $31M, and claims 2M registered users |
9:30 AM • | Jess Weatherbed / The Verge: Adobe rolls out new Illustrator features like Generative Shape Fill, powered by its latest Firefly Vector model now in beta, and new and updated Photoshop tools |
8:25 AM • | Mary Ann Azevedo / TechCrunch: Vancouver-based Clio, which makes cloud tools to help law firms run more efficiently, raised a $900M Series F at a $3B valuation, up from $1.6B in April 2021 |
8:10 AM • | Todd Spangler / Variety: Amazon begins rolling out a new UI for Prime Video to help distinguish content included with Prime, update its navigation bar, manage subscriptions, and more |
7:30 AM • | Andy Greenberg / Wired: Dragos details a sample of Russia-linked malware used in a hack in January 2024 to target a heating utility in Lviv, Ukraine, cutting service to 600 buildings |
7:15 AM • | Paula Doenecke / Bloomberg: Swiss computer hardware maker Logitech reports Q2 revenue up 12% YoY to $4.34B and expects 2024 sales up 1% to 3%, up from 0% to 2% previously forecast |
7:00 AM • | Neal E. Boudette / New York Times: GM says Cruise restarted test operations in three US cities after a vehicle dragged a pedestrian in October 2023, and suspends developing its Cruise Origin cab |
6:50 AM • | Michael Peel / Financial Times: Google Research and others detail NeuralGCM, a model combining ML and weather forecasting tools that produced a breakthrough in accurate long-range predictions |
6:40 AM • | David Shepardson / Reuters: A five-month FCC investigation finds AT&T's February 2024 outage that lasted 12+ hours blocked 92M+ voice calls and prevented 25K+ attempts to reach 911 |
6:30 AM • | Samuel Stolton / Bloomberg: The EU opens an in-depth investigation into Delivery Hero and its Spanish subsidiary Glovo to determine if they may have illegally colluded with each other |
6:20 AM • | Ashley Carman / Bloomberg: Spotify reports Q2 revenue up 20% YoY to €3.8B, MAUs up 14% YoY to 626M, subscribers up 12% YoY to 246M, above est., and €266M operating income; SPOT jumps 12%+ |
6:05 AM • | Vittoria Elliott / Wired: Mozilla and AI Forensics: TikTok Lite, launched in 2018 and aimed at poorer markets, leaves AI-generated content unlabeled and lacks other similar safeguards |
5:55 AM • | Abner Li / 9to5Google: Leaked images show the upcoming “Google TV Streamer”, a set-top box with a pill-shaped design, to replace the dongle form factor, and an updated, longer remote |
5:45 AM • | Reuters: India plans to cut import duty on mobile phones and some key parts from 20% to 15%, a move that will directly benefit Apple, as part of its 2024/2025 budget |
5:35 AM • | Lynn Doan / Bloomberg: NXP Semiconductors reports Q2 revenue down 5% YoY to $3.13B, automotive chip sales down 7% YoY, and forecasts Q3 revenue below $3.35B est.; NXPI drops 9%+ |
4:15 AM • | Stu Woo / Wall Street Journal: Scientists hunt for clues about China's supercomputing progress as Chinese scientists turn secretive and stop participating in the Top500, after US sanctions |
2:00 AM • | Hannah Murphy / Financial Times: A profile of Nick Pickles, who has recently been promoted to X's VP of global affairs; sources say Pickles has become the right-hand man to CEO Linda Yaccarino |
1:15 AM • | Nikkei Asia: Malaysia plans to require social media and messaging apps to register for a renewable license starting late 2024; Singapore asks online platforms to curb scams |
12:50 AM • | Bloomberg: Sources: TikTok plans to launch TikTok Shop in Spain and Ireland as early as October; the rollout will be smaller than previously envisioned amid EU scrutiny |